No Foreign Transaction Fee Credit Cards
If you are an international traveler you will want a credit card that saves you on foreign transaction fees. It is really cool traveling abroad and if you are new at it listen up.
You can get surprised when you return from a trip to find all sorts of transaction fees on your purchases. No foreign transaction fee credit cards help eliminate these fees. You can easily make purchases while overseas without having to worry about incurring a bunch of transaction costs. Yes it is pretty cool, but you have to know where to look and apply for these no foreign transaction fee credit cards.
We have selected 4 credit cards that we break down the details for you below. These include cards from Bank of America, Chase, Capital One and Barclaycard.
What Are The Best No Foreign Transaction Fee Credit Cards?
Capital One® Venture® Rewards Credit Card
The really great thing about this rewards credit card is that you can earn unlimited 2X miles per dollar on every purchase. You will need good to excellent credit when you apply.
Chase Sapphire Preferred® Card
The Sapphire card will earn you 2X points on travel and dining at restaurants worldwide. You get 1 point per dollar spent on all other purchases. This card gives large bonuses when you purchase a specific dollar amount in the advertised timeframe. See the details as this offer can change.
Earn unlimited 1.5 points for every $1 you spend on all purchases that don’t expire. This travel rewards card has no annual fee and no foreign transaction fees while earning points. You can of course redeem these points towards flights, hotels, vacation packages, cruises, rental cars or baggage fees.
Barclaycard Arrival Plus™ World Elite MasterCard®
The Arrival Plus will also get you 2X miles on all purchases. This is a nice feature that can add up quickly towards your rewards. It has an $89 annual fee that is waived in the first year.
What Are Foreign Transaction Fees?
Just to clarify a little further, foreign transaction fee are a type of fee you can incur on your credit card at a non-U.S. retailer. Your credit card issuer will hit you with these fees and are usually charged on your credit card bill as a percent on purchases. The average fee is around 3% and can come as a shock to credit card customers.
When doing any purchases at non U.S retailers, make sure you are using your no foreign transaction fee credit card.